Solution:
Tiptop Flight School | |||||||
Flexible Budget Performance Report | |||||||
For the month ended July 31 | |||||||
Particulars | Actual results | Flexible Budget Variance | Flexible Budget | Sales volume variances | Static Budget | ||
Lessons | 220 | 220 | 215 | ||||
Revenue | $59,130.00 | $270.00 | U | $59,400.00 | $1,350.00 | F | $58,050.00 |
Less: Expenses: | |||||||
Instructor Wages | $17,385.00 | $215.00 | F | $17,600.00 | $400.00 | U | $17,200.00 |
Aircraft Depreciation | $7,260.00 | $0.00 | None | $7,260.00 | $165.00 | U | $7,095.00 |
Fuel | $4,550.00 | $590.00 | U | $3,960.00 | $90.00 | U | $3,870.00 |
Maintenance | $4,080.00 | $110.00 | U | $3,970.00 | $75.00 | U | $3,895.00 |
Ground facility expenses | $2,895.00 | $35.00 | F | $2,930.00 | $20.00 | U | $2,910.00 |
Administration | $4,025.00 | $175.00 | F | $4,200.00 | $15.00 | U | $4,185.00 |
Total Expenses | $40,195.00 | $275.00 | U | $39,920.00 | $765.00 | U | $39,155.00 |
Net Operating Income | $18,935.00 | $545.00 | U | $19,480.00 | $585.00 | F | $18,895.00 |
TipTop Flight School offers flying lessons at a small municipal airport. The school's owner and manager...
TipTop Flight School offers flying lessons at a small municipal airport. The school’s owner and manager has been attempting to evaluate performance and control costs using a variance report that compares the planning budget to actual results. A recent variance report appears below: TipTop Flight School Variance Report For the Month Ended July 31 Actual Results Planning Budget Variances Lessons 220 215 Revenue $ 59,130 $ 58,050 $ 1,080 F Expenses: Instructor wages 17,385 17,200 185 U Aircraft depreciation 7,260...
TipTop Flight School offers flying lessons at a small municipal airport. The school's owner and manager has been attempting to evaluate performance and control costs using a variance report that compares the planning budget to actual results. A recent variance report appears below: TipTop Flight School Variance Report For the Month Ended July 31 Actual Planning Results Budget Variances 220 215 Lessons $ 56,890 $ 55,900 $ 990 F Revenue Expenses: Instructor wages Aircraft depreciation Fuel Maintenance Ground facility expenses...
TipTop Flight School offers flying lessons at a small municipal airport. The school's owner and manager has been attempting to evaluate performance and control costs using a variance report that compares the planning budget to actual results. A recent variance report appears below: its TipTop Flight School Variance Report For the Month Ended July 31 Actual Planning Results Budget va 140135 eBook Lessons Ask $33,420 $32,400 $1, Print un References Revenue Expenses : Instructor wages Aircraft depreciation Fuel Maintenance Ground...
TipTop Flight School offers flying lessons at a small municipal airport. The school's owner and manager has been attempting to evaluate performance and control costs using a variance report that compares the planning budget to actual results. A recent variance report appears below: TipTop Flight School Variance Report For the Month Ended July 31 Actual Results 180 Planning Budget 175 Variances Lessons $ 41,290 $ 40,250 $1,040 F Revenue Expenses: Instructor wages Aircraft depreciation Fuel Maintenance Ground facility expenses Administration...
TipTop Flight School offers flying lessons at a small municipal airport. The school's owner and manager has been attempting to evaluate performance and control costs using a variance report that compares the planning budget to actual results. A recent variance report appears below: TipTop Flight School Variance Report For the Month Ended July 31 Actual Planning Results Budget 180 175 Variances Lessons $ 41,290 $ 40,250 $1,040 F Revenue Expenses: Instructor wages Aircraft depreciation Fuel Maintenance Ground facility expenses Administration...
TipTop Flight School offers flying lessons at a small municipal airport. The school's owner and manager has been attempting to evaluate performance and control costs using a variance report that compares the planning budget to actual results. A recent variance report appears below: TipTop Flight School Variance Report For the Month Ended July 31 Actual Results 210 Planning Budget 205 Variances Lessons $ 52,230 $ 51,250 $ 980 F Revenue Expenses: Instructor wages Aircraft depreciation Fuel Maintenance Ground facility expenses...
TipTop Flight School offers flying lessons at a small municipal airport. The school's owner and manager has been attempting to evaluate performance and control costs using a variance report that compares the planning budget to actual results. A recent variance report appears below: TipTop Flight School Variance Report For the Month Ended July 31 Actual Planning Results Budget 225 220 Variances Lessons $ 60,400 $ 59,400 $1,000 F Revenue Expenses : Instructor wages Aircraft depreciation Fuel Maintenance Ground facility expenses...
TipTop Flight School offers flying lessons at a small municipal airport. The school's owner and manager has been attempting to evaluate performance and control costs using a variance report that compares the planning budget to actual results. A recent variance report appears below: TipTop Flight School Variance Report For the Month Ended July 31 Actual Results Planning Budget 125 Variances Lessons 18e $ 41,290 $ 40,250 $1,048 F Expenses: Instructor wages Aircraft depreciation Fuel Maintenance Ground facility expenses Administration Total...
TipTop Flight School offers flying lessons at a small municipal airport. The school's owner and manager has been attempting to evaluate performance and control costs using a variance report that compares the planning budget to actual results. A recent variance report appears below: TipTop Flight School Variance Report For the Month Ended July 31 Actual Planning Results Budget 210205 Variances Lessons $ 54, 370 $ 53,300 $1,070 F Revenue Expenses : Instructor wages Aircraft depreciation Fuel Maintenance Ground facility expenses...
TipTop Flight School offers flying lessons at a small municipal airport. The school’s owner and manager has been attempting to evaluate performance and control costs using a variance report that compares the planning budget to actual results. A recent variance report appears below: TipTop Flight School Variance Report For the Month Ended July 31 Actual Results Planning Budget Variances Lessons 210 205 Revenue $ 54,370 $ 53,300 $ 1,070 F Expenses: Instructor wages 15,550 15,375 175 U Aircraft depreciation 6,720...